business news

Pfizer will have to pay rebates to Medicare for five drugs under Biden plan to lower Rx costs

Five of Pfizer’s drugs will cost less for Medicare recipients starting next month as part of President Joe Biden’s plan…

UK economy rebounds with stronger-than-expected January GDP print

LONDON — The U.K. economy grew by 0.3% in January, official figures showed on Friday, exceeding expectations as it continues…

Apple, Amazon, Google will likely get a reprieve from GOP-controlled House on antitrust legislation

Tech giants Google, Amazon and Apple are likely to get a reprieve in Congress this year from efforts to rein…

Here’s where the jobs are for February 2023 — in one chart

The U.S. labor market surprised to the upside yet again in February, powered by continued strength in the service sectors…

DOJ charges Chinese businessman Guo Wengui, associate of Steve Bannon, in $1 billion fraud

Controversial exiled Chinese billionaire Guo Wengui — an associate of former Trump White House advisor Steve Bannon — was arrested…

Unemployment for Black and Hispanic women rose in February, but more workers join the labor force

The unemployment rate for Black and Hispanic women rose in February, but so did the number of people looking for…

Trump super PAC accuses Ron DeSantis of ‘shadow’ presidential bid in ethics complaint

A pro-Trump super PAC on Wednesday said it is filing an ethics complaint against Florida Gov. Ron DeSantis, accusing him…

Just like that: Market pricing swings back to quarter-point Fed rate hike

It seemed like only yesterday that markets were sure that a tougher Federal Reserve was going to raise its benchmark…

Trump extends lead over DeSantis in new poll of possible GOP primary field

Donald Trump is extending his lead over Florida Gov. Ron DeSantis, who will likely start as the former president’s top…

Something broke, but the Fed is still expected to go through with rate hikes

When the Federal Reserve starts to raise interest rates, it generally keeps doing so until something breaks, or so goes…